Updates from October, 2016 Toggle Comment Threads | Keyboard Shortcuts

  • Candlestick 11:15 pm on October 27, 2016 Permalink | Reply
    Tags: after hours trading, forex trading, spot forex market is rigged   

    spot forex market is rigged 

    spot forex market is rigged

    readers message

    ———————

    HI Long A question for you ive just been reading a report from a very reliable source that the spot forex market is rigged
    have you any veiws on this kind regards

    ———————

    s spot forex market is rigged
    possible for traders to change the value of a currency in order to make a profit.

    But it’s difficult to manipulate in a volatile market
    because loss probability increases in a volatile market
    They manipulate when the price quiet movement

    https://youtu.be/yv3QDBjRjFQ

    The start and end of a trend

     
  • Candlestick 9:38 am on October 25, 2016 Permalink | Reply
    Tags: The start and end of a trend   

    The start and end of a trend 

    The start and end of a trend

    readers message
    ———————

    Hello sir How are you
    Will you please tell me where the pattern starts and where it ends
    I mean what is the start and end of a trend. Thanks

    ———————

    click here

    https://youtu.be/M3A4xmHesVU

    i want buy your books please give me your moneybookers account

     
  • Candlestick 9:21 am on October 17, 2016 Permalink | Reply
    Tags: leg means reversal, trading standards   

    leg means reversal 

    leg means reversal

    ———————

    Hello Sir
    I want to know basically what is the meaning of pattern and what is leg
    Please give me any example and a photo to count the legs . thanks
    it will help me a lot

    ———————
    meaning of pattern
    white white black black after price go up
    and
    black black white white after price go down
    These are called double block
    pattern means “trend”
    leg is cancelled price action
    Upper leg means price go up temporary but finally price go down and close

    Lower leg means price go down temporary but finally price go up and close
    Double lock with upper leg or lower leg means reversal
    Here is black black white white with upper leg
    So price reversal

    here is video

     

    leg means reversal

     
  • Candlestick 8:00 pm on October 10, 2016 Permalink | Reply
    Tags: Resistance exit candlestick trading, stock trading   

    Resistance exit candlestick trading 

    Resistance exit candlestick trading

    If a trader has any open trade in the market and the candlesticks formation nears the resistance level,

    the trader should exit the market. This is mainly because the market prices may choose to reverse upon hitting the resistance level.

    To minimize the risk, the trader should close such an order at some pips away from the resistance level

    since it is not a must for the candlesticks to reach or touch the resistance level; a reversal may occur way before.

    But instead of closing your order (in this case it is a buy order) manually, it would be wise to use take profit and stop loss levels.

    The stop loss should be about ten to fifteen pips below the support level while the take profit should be somewhere

    at the center of the range between the support and resistance levels.

    https://youtu.be/dWgpExkgOPQ

    News report exit candlestick trading

     
  • Candlestick 8:00 pm on October 9, 2016 Permalink | Reply
    Tags: News report exit candlestick trading, trading places   

    News report exit candlestick trading 

    News report exit candlestick trading

     

    When there is a forex news report, the market becomes very unpredictable and the wisest thing

    that a trader can do is to exit the market. This is because, the there are very many forces in the market

    at that time and if a trader has an open order and after the news release the market moves in the opposite direction,

    the trader will automatically end up making very huge losses to an extent of the account being wiped out

    if he or she had small cash amounts in his trading account. The candlesticks formed during a news release are very long.

    However, if a trader anticipates that the news release will favour him or her,

    he or she can leave his or her order open but place a take profit and a stop loss level. This reduces the risk.

    https://youtu.be/t0Xq-qZB-70

    Reversal exit candlestick trading

     
  • Candlestick 8:00 pm on October 8, 2016 Permalink | Reply
    Tags: Reversal exit candlestick trading, victorian trading company   

    Reversal exit candlestick trading 

    Revesrsal exit candlestick trading

    When trading a reversal, the trader should be
    careful to detect or note the end of the reversal to
    avoid losses. Exit the market by manually closing
    the order can be a real hard task since the trader
    may close the order too early or too late. If the
    trader closes the order too early, he or she will
    end up making very little profit and at the same
    time if he or she closes the order too late, he or
    she will end up making very small profits or even
    end up making a loss.

    Therefore, the trader should always place a stop
    loss and a take profit level whenever he or she
    places an order to trade a trade reversal. This
    levels can be placed with the help of pivot point
    indicator.

    https://youtu.be/jxGD1m1yzQc

    Pattern break candlestick trading

     
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